1. In order to comply with international standards, the Organised Accounting Profession made far-reaching changes to the format of financial statements. In July 2000 the National Department of Education (NDoE) brought the Senior Certificate Accounting syllabuses into line with the developments in the Accounting profession.

2. The formats of financial statements were changed accordingly. (Please refer to Circulars 0166/2000 and 0046/2002.)

3. It has, however, come to the attention of the NDoE that many schools are still using textbooks which contain the outdated formats of financial statements. Without doubt this will be to the disadvantage of Senior Certificate candidates who since 2002 have been examined on the amended formats of financial statements.

4. All educators concerned are reminded and urged to ensure that only those Accounting textbooks which comply with the latest revised formats are used.


SIGNED: A.P. CLAUSEN
HEAD: EDUCATION
DATE:2003:04:01